v3.7.0.1

Consolidated Balance Sheets - USD ($)	May 31, 2017	May 31, 2016
Current assets
Cash and cash equivalents	$ 2,606,586	$ 4,980,735
Accounts receivable - Oil and Gas	31,315	26,351
Other receivable	4,561	1,584
Investment in available-for-sale securities	2,285,160
Total current assets	4,927,622	5,008,670
Total assets	4,927,622	5,008,670
Current Liabilities
Accounts payable	4,480	7,448
Due to director	112,109	45,629
Total current liabilities	116,589	53,077
Asset retirement obligation	8,373	7,282
Total liabilities	124,962	60,359
Stockholders' equity
Common stock,100,000,000 of shares authorized with $0.00001 par value, 56,100,000 issued and outstanding	561	561
Preferred stock,100,000,000 shares authorized with $0.00001 par value, none issued
Additional paid-in capital	6,514,639	6,514,639
Accumulated Other Comprehensive loss	(956,164)	(790,882)
Accumulated deficit	(756,376)	(776,007)
Total stockholders' equity	4,802,660	4,948,311
Total liabilities and stockholders' equity	$ 4,927,622	$ 5,008,670

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

CN Resources Inc. 10-K